On Friday, the EURUSD managed to rise, but the GBPUSD showed mixed sentiment. Today, both currency pairs are going up. From the data front, the PMI in July will be published in the Eurozone, UK and the US. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD managed to rise on Friday. The price finished the last session of the week at 1.022. Today it is going up even more. If the buyers continue generating sufficient demand, the price might reach 1.026 today. But if the bears counterattack, the price could drop below the Pivot Point and 1.02.
GBPUSD
On Friday the GBPUSD showed mixed sentiment. The price finished the last session of the week slightly below 1.218. Today, it is rising, though. The price is already above 1.22. If the buyers continue generating firm demand, the price might reach 1.224 today. But if the bears counterattack, the price could drop below the EMA 77 and reach 1.216.
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